Inceptionr LLC Makes New Investment in Spire Inc. (NYSE:SR)

09 Mar 2025, 06:23 by Amy Steele · The Cerbat Gem

Inceptionr LLC purchased a new position in shares of Spire Inc. (NYSE:SR – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 7,435 shares of the utilities provider’s stock, valued at approximately $504,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SR. Meeder Asset Management Inc. acquired a new position in shares of Spire during the 3rd quarter worth about $25,000. Golden State Wealth Management LLC acquired a new position in shares of Spire during the 4th quarter worth about $27,000. GAMMA Investing LLC increased its stake in shares of Spire by 87.2% during the 4th quarter. GAMMA Investing LLC now owns 438 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 204 shares during the last quarter. Larson Financial Group LLC increased its stake in shares of Spire by 1,318.4% during the 3rd quarter. Larson Financial Group LLC now owns 539 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 501 shares during the last quarter. Finally, R Squared Ltd acquired a new position in shares of Spire during the 4th quarter worth about $37,000. 87.36% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Treasurer Adam W. Woodard sold 1,150 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $67.47, for a total transaction of $77,590.50. Following the completion of the sale, the treasurer now owns 2,587 shares of the company’s stock, valued at approximately $174,544.89. This represents a 30.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.33% of the company’s stock.

Spire Stock Performance

Shares of NYSE:SR opened at $76.39 on Friday. The company’s 50 day moving average price is $71.54 and its two-hundred day moving average price is $68.44. Spire Inc. has a 12-month low of $57.27 and a 12-month high of $78.80. The firm has a market cap of $4.46 billion, a PE ratio of 18.50, a PEG ratio of 2.82 and a beta of 0.53. The company has a quick ratio of 0.37, a current ratio of 0.50 and a debt-to-equity ratio of 1.21.

Spire (NYSE:SR – Get Free Report) last announced its earnings results on Wednesday, February 5th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.08). Spire had a return on equity of 7.88% and a net margin of 9.70%. Equities research analysts predict that Spire Inc. will post 4.5 earnings per share for the current year.

Spire Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 11th will be given a dividend of $0.785 per share. The ex-dividend date is Tuesday, March 11th. This represents a $3.14 dividend on an annualized basis and a dividend yield of 4.11%. Spire’s payout ratio is presently 76.03%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SR shares. StockNews.com lowered shares of Spire from a “hold” rating to a “sell” rating in a research note on Friday, February 14th. Morgan Stanley lowered their price objective on shares of Spire from $77.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. LADENBURG THALM/SH SH upgraded shares of Spire from a “sell” rating to a “buy” rating and set a $83.00 price target on the stock in a research note on Wednesday, February 26th. Bank of America initiated coverage on shares of Spire in a research note on Friday, December 13th. They issued a “neutral” rating and a $70.00 price target on the stock. Finally, Stifel Nicolaus decreased their price target on shares of Spire from $70.00 to $69.00 and set a “hold” rating on the stock in a research note on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Spire has an average rating of “Hold” and an average price target of $74.00.

Get Our Latest Report on SR

Spire Company Profile

(Free Report)

Spire Inc, together with its subsidiaries, engages in the purchase, retail distribution, and sale of natural gas to residential, commercial, industrial, and other end-users of natural gas in the United States. The company operates through three segments: Gas Utility, Gas Marketing, and Midstream. It is also involved in the marketing of natural gas and related services; and transportation and storage of natural gas.